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2 min read 13 Feb 2025

Binance: BNB soars above $700, best crypto asset in February

By Daniele Corno

BNB flexes its muscles and flies to $700, surpassing Solana: In the uncertainty of February, Binance's coin is one of the only ones in the top 100 to show green

Binance: BNB soars above $700, best crypto asset in February

BNB is the best asset in February's top 100

After the collapse of February 3, the negative pressure on the market is not ending anytime soon.

Rising inflation in the US market, with data released the previous afternoon, also has an impact. In fact, the market is pricing in no cut in interest rates at the March 19 meeting and Bitcoin is contracting in a range compressed between $98,000 and $93,000.

At the time of writing, BTC is down -6% in the month of February, while Ethereum has tripled the loss with a -18% drop. The same fate has befallen most Altcoins, which are showing losses in the region of -20%, but among these, there are some that are bucking the trend.

We are obviously talking about BNB, the coin of the world’s largest exchange, Binance. It is one of the only cryptocurrencies in the top 100 to show a green candle on the monthly chart, with a modest +3.5%. This value is different if we look at the price from the low of February 3 in the $500 dollars area, from which BNB exploded with a +40% exceeding $700 dollars.

Furthermore, thanks to this important growth, BNB returns to exceed $100 billion dollars, returning to fifth position on the market surpassing Solana.

$1 billion quarterly BURN, rewards for users and Binance Chain takes off

Amid market uncertainty, after the liquidations of February 3 that wiped out billions in speculative trades, the market values what it distributes.

The last quarter of 2024 saw a Burn of the supply equal to a dollar value exceeding $1 billion, with prospects even higher for the current quarter. A process that, at present, has a total burn of close to 30% of the entire market supply, making BNB an increasingly scarce asset.

The rewards distributed to BNB HODLers also help, with 3 HODLer Airdrops distributed in the last 3 weeks, from ANIME to BERA and LAYER.

The ecosystem present on the Binance Chain benefits directly from the growth of BNB. Venus and PancakeSwap gain +15% TVL with an increase of approximately +$150 million each. Tokens also benefit directly, with CAKE and XVS marking +42% and +31% respectively in the last 24 hours.

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bitcoin
Bitcoin (BTC) $ 118,052.63
ethereum
Ethereum (ETH) $ 2,963.84
xrp
XRP (XRP) $ 2.80
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 689.43
solana
Solana (SOL) $ 162.28
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.199420
tron
TRON (TRX) $ 0.300387
staked-ether
Lido Staked Ether (STETH) $ 2,962.88
cardano
Cardano (ADA) $ 0.740496
hyperliquid
Hyperliquid (HYPE) $ 47.95
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 117,802.56
stellar
Stellar (XLM) $ 0.431409
wrapped-steth
Wrapped stETH (WSTETH) $ 3,576.06
sui
Sui (SUI) $ 3.44
chainlink
Chainlink (LINK) $ 15.34
bitcoin-cash
Bitcoin Cash (BCH) $ 507.79
hedera-hashgraph
Hedera (HBAR) $ 0.225237
avalanche-2
Avalanche (AVAX) $ 21.24
leo-token
LEO Token (LEO) $ 9.04
wrapped-eeth
Wrapped eETH (WEETH) $ 3,173.16
shiba-inu
Shiba Inu (SHIB) $ 0.000013
the-open-network
Toncoin (TON) $ 3.00
weth
WETH (WETH) $ 2,964.50
usds
USDS (USDS) $ 0.999986
litecoin
Litecoin (LTC) $ 94.44
whitebit
WhiteBIT Coin (WBT) $ 46.19
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
monero
Monero (XMR) $ 338.06
polkadot
Polkadot (DOT) $ 3.99
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 118,057.63
ethena-usde
Ethena USDe (USDE) $ 1.00
pepe
Pepe (PEPE) $ 0.000012
bitget-token
Bitget Token (BGB) $ 4.40
uniswap
Uniswap (UNI) $ 8.51
aave
Aave (AAVE) $ 304.84
bittensor
Bittensor (TAO) $ 390.36
pi-network
Pi Network (PI) $ 0.471758
dai
Dai (DAI) $ 0.999977
aptos
Aptos (APT) $ 4.97
crypto-com-chain
Cronos (CRO) $ 0.102719
near
NEAR Protocol (NEAR) $ 2.53
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
okb
OKB (OKB) $ 48.99
internet-computer
Internet Computer (ICP) $ 5.44
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 197.15
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
ondo-finance
Ondo (ONDO) $ 0.894278
ethereum-classic
Ethereum Classic (ETC) $ 18.28